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French and Germans in `super treasury` plot
Date 24/10/2011 17:27  Author webmaster  Hits 989  Language Global
• 24 OCT 2011

Daily Express

FEARS of fresh empire-building at the EU were sparked yesterday amid claims that eurozone states are plotting a “euro treasury”.

Eurocrats are believed to be considering a dedicated new “finance ministry”, which could be based in Frankfurt or Paris.

It would further cement Franco-German power in Europe, leaving non-euro nations like Britain increasingly sidelined.

Officials played down the proposals from EU President Herman Van Rompuy.

They insisted his ideas were at a very early stage and were simply designed to administer the eurozone more effectively.

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